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Yes. For example, if you are holding for minutes you should monitor a one-minute chart, with a faster time frame for entry and a slower time frame for perspective. I trade a one minute chart but also have one second and one day up.

Thanks. I will pimp another proxy tomorrow.

Atheism is the ultimate bet. No one can be neutral on the issue of utter extinction versus continuation.

Gehko, agnostics are too chickenshit to admit that they are atheists.

HolyGrail, you are close to the truth. The Plastic Cup of trading profit is that it is like pussy. The less you need it, the more you get. Why should I try to be more as a trader than I am as a person? I am a lazy fat fuck who has schlepped through life and is at the endgame of a mediocre...

Well, enough preamble. Now I will teach you not to trade. The pre-eminent issue in trading is the time frame, or conversely, the hold time. The devout Christian believes that his true reward is in Heaven, so he is typically a buy-and-holder. By definition long for the long haul. At the...

Xiaohu, a true call says "Buy this at that exact time and price" followed by "Sell this at that time exact time and price". Anything else is a weather forecast. True calls are not conditional. Or ambiguous. Or subject to interpretation. A true trader like N.Q Enqueue can tell you instantly and...

OddTrader, thank you for your kind non-partisan encouragement. Gyrene Dertra, you should know better. Gimme twenty!

The debacle of the dubious value of the "Teach Me to Trade" approach suggests to me a new trade mentoring business model. Rather than giving me your money and sallying forth to lose even more, I suggest that you simply give me your money and quit before you get even deeper in the hole...

A brilliant observation, Equalizer. I myself deconstructed NMA and was severely disappointed to find that it is merely VWAP without the volume, a Price-Weighted Average Price, or PWAP, as it were. And you are right, it needs to be drawn with a blunter crayon to be an effective undicator.

Some months ago I began an exploration of how to trade with deteriorating vision: http://www.elitetrader.com/vb/showthread.php?s=&threadid=102195&highlight=trading+blind Thanks to all those who responded seriously then. Attached is an interim solution which aids perception with...

While you wait for his reply, here is a little background: http://www.elitetrader.com/vb/showthread.php?s=&threadid=103936

In dollars, that is. Because I sold today. All you gold bugs can thank me for my noble sacrifice.

Bullshit! The markets will rally big time tomorrow. Before cratering again later.

I am glad that you agree! WVAP is as useless as a 50% retrace. And both together are doubly worthless.

I accept the challenge as champion and surrogate mother for Jack and Spydie! But is it OK if I don't trade SCT, or even SCT-Lite? On second thought, how could anybody tell any difference from my random entry system with moola menagement?

I use Easy-Signal. Their daily chart for a future starts the day at 4:30 PM ET and ends it at 4:15 PM ET the next day. That is, the first part of a daily bar includes the overnight session. My observation is that the market likes fibs based on that timing. Your best bet at this point is to...

Sorry, too many imaginary lines on your chart for these old eyes. I like no-brainers like the overnight "gap" closing today. Took a $235 trade in six minutes in that run up. There is a certain point at which it becomes clear that the gap closing is ineluctable.

Thanks for the heads-up.

Funny you should say that. I grew up near him. He was just a few years older than me. And I can relate. My delusional belief is that all the price action I see is institutionally algorithm driven, with very little randomness. All I do is deconstruct the algorithms. It is sufficiently complex...